The Florida Supreme Court last week published its decision bringing to task lenders that - at the last minute - cancel foreclosure sales. The court had been petitioned primarily by condominium associations, homeowner associations and property owner associations for something to prevent lenders f
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02/17/2010
The "Equator System" is now in use by Bank of America and GMAC. Touted as a simplistic system to get short sales moving though the lender's system, is it really just an automation method that removes the human decision making element and makes our clients just a jumble of numbers? Also, how many
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02/17/2010
What happens when there is no buyer for your property at ANY price because a literal buyer disaster has occurred in your neighborhood? In the past 2 years, mortgage crisis and real estate value meltdown notwithstanding, three events keep showing up in my Florida office: 1. Chinese
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02/14/2010
KUDOS to GMAC mortgage. Their new criteria for short sale consideration is that all contracts with buyers must have a clause that requires the deposit on buyer default to go to GMAC. Here is the language GMAC wants if you have a short sale with them as the lender: 2-3% earnest money must be agre
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02/11/2010
The beginning of this year brought to mind the recurring problem of attorneys that are hired by the real estate agent to represent the seller. Unfortunately, too often the advice the attorney gives to the "client" is designed to make the deal happen - at dire cost to the client seller. Realtors,
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02/03/2010
Last night I went to my first (and our area's first) ActiveRain member meeting. For almost no publicity we had 35 brave souls venture out in the rain to meet mostly complete strangers - and we had a wonderful time seeing fellow bloggers. ActiveRain has been a boon to my business and recognition
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02/03/2010
